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Updated Bar Space with Walk-In Cooler
For Lease
$750/Mo

816 Peoria Street, Peru, IL 61354

Open commercial layout with bar infrastructure, restrooms, entertainment equipment, and a separate service area.

Space Size1,500 SF
Days on Market497

Property Features for 816 Peoria Street

General Information

Standard status Active
Size 1,500 SF
Net Rentable 1,500 SF
Zoning COMMR
Lease Type /mo

Space & Availability

Available Space 1,500 SF
Space Use Retail

Taxes and HOA fees

Annual Taxes $1,024

Building Details

Year Built 1927
Stories 2
Listing Agency: Executive Realty Group LLC
Listed By: Jamie Unholz · License #471020332
Source: Ozmentrealestate
Added: Mar 31, 2025 Changed: Aug 7 Last Checked: Aug 9 at 12:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Executive Realty Group LLC

Investment Insights

Based on property information with market context.

This 1,500 SF commercial space is configured for bar and hospitality use, with an open interior centered around a 14-foot bar. The premises include two restrooms, three TVs, and a side room with a walk-in cooler. A back entrance supports deliveries and staff access, while a three-section basin and hand sink are ready for installation. Built in 1927 and zoned COMMR, the space offers an established physical setup for a bar or pub concept.

The property faces Peoria Street at 816 Peoria Street in Peru, Illinois, within a business and entertainment district. Its existing bar, refrigeration, restroom, and service features provide a practical starting point for a tenant seeking a hospitality-oriented commercial space.

Key Highlights

  • 1,500 SF commercial space with an open layout
  • 14‑foot bar anchors the main interior
  • Side room includes a walk‑in cooler

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Electrical Service Real Estate Agency Grocery & Convenience Store Bakery Kitchen & Bath Showroom Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

362
Businesses Nearby
333k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 25% Shops & Services 24% Dining 19% Home Improvements & Furnishings 16%
Target Superstores
61,004 visits/mo 0.3 miles
Hobby Lobby Shops & Services
27,172 visits/mo 0.2 miles
Rural King Home Improvements & Furnishings
25,499 visits/mo 0.5 miles
Big Lots Superstores
22,019 visits/mo 0.4 miles
The Home Depot Home Improvements & Furnishings
21,032 visits/mo 0.2 miles

Demographics for 61354, IL

10,447
Population
5,111
Households
2
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
245
Density / Sq Mi
$69,382
Median Household Income
$45,114
Median Earnings
$877
Median Rent
$160,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Bailey's Place Gaming Cafe 2129 4th St, Peru, IL 61354
  • Bailey's Place Gaming Cafe 1815 4th St, Peru, IL 61354
  • Riverfront Bar & Grill 1525 Water St, Peru, IL 61354
  • Lady Luck Video Gaming 2121 4th st, peru, il 61354
  • Lucky Spur Saloon And Gaming 2110 4th St, Peru, IL 61354

Frequently Asked Questions

What type of property is this?
Bar & Pub - Open commercial layout with bar infrastructure, restrooms, entertainment equipment, and a separate service area.
Where is this bar & pub located?
The property is located at 816 Peoria Street Peru, IL.
What is the lease rate?
The lease rate is $750/Mo.
What are key features of this property?
This property features: 1,500 SF commercial space with an open layout; 14‑foot bar anchors the main interior; Side room includes a walk‑in cooler
More about this property
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